Target PRSUs definition
Target PRSUs means a number of PRSUs designated as a target number that potentially may be earned by a Participant in a given Performance Cycle.
Target PRSUs means the number of shares of Common Stock associated with the PRSU grant as determined by the Compensation Committee, and as set forth in the notice of grant as being the “target” number of PRSUs.
Target PRSUs means the number of “Target PRSUs” set forth in the Award Certificate with respect to the PRSUs.
Examples of Target PRSUs in a sentence
As of any date that the Company pays an ordinary cash dividend on its Common Stock, the Company shall credit to the Grantee’s book account a dollar amount equal to (i) the per share cash dividend paid by the Company on its Common Stock on such date, multiplied by (ii) that number of Shares equal to the number of Target PRSUs (“Target PRSUs”) set forth on the signature page hereto (a “Dividend Equivalent Right”).
More Definitions of Target PRSUs
Target PRSUs means the number of PRSUs set forth in Section 1 of the Agreement.
Target PRSUs means the pro-rata portion of the Target PRSUs as determined pursuant to the immediately preceding sentence.
Target PRSUs means the number of “Target PRSUs” set forth in the Award Certificate with respect to the PRSUs.
Target PRSUs means the pro-rata portion of the Target PRSUs as determined pursuant to the immediately preceding sentence. Performance Goals: [____________]as described in Schedule A Target PRSUs Earned: The actual number of Shares, if any, subject to the Award that may be earned shall be determined based on the attainment of the Performance Goals specified in Schedule A, as determined by the Administrator following the end of the Performance Period; provided, however, that, except as provided in this Agreement or the Plan (for instance, with respect to a Qualifying Termination), no Shares shall vest and be issuable to the Grantee unless the Grantee is continuously employed by or in service with the Company from the Date of Grant until the Service Period Completion Date and the provisions of Schedule A are met. The Grantee is eligible to earn from 0% to [____%] of the Target PRSUs based on attainment of the [__________] for the Performance Period, as determined in accordance with Schedule A to this Agreement. One share of the Company’s stock will be issued for each PRSU that is earned and vested in accordance with this Agreement, including Schedule A. Printed Name: ###GRANTEE_NAME### Target PRSUs: ###TOTAL_AWARDS### By: ________________________________ Name: [__________] Its: [__________] Schedule A sets forth the performance goals (the “Performance Goals”) and certain other terms and conditions for the performance-based and service-based Performance Restricted Stock Unit Award (the “Award”), evidenced by the Performance Restricted Stock Unit Award Agreement (Inducement Grant) (the “Agreement”) to which Schedule A is attached. Capitalized terms not expressly defined in this Schedule A but defined in the Plan or this Agreement shall have the same definitions as in the Plan and/or this Agreement, as applicable.